PRESTON VOLUNTEER FIRE CO

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1927

Legal Domicile

Principal Officer

MARIE WIELGOSZ

Phone

4106737874

Tax Period

2024-01-01 to 2024-12-31

PRESTON VOLUNTEER FIRE CO, founded in 1927, is a small nonprofit that reported $488K in total revenue in fiscal year 2024. The organization ran a surplus of $202K, a strong 41% operating margin.

Mission

PROVIDE VOLUNTEER FIRE AND AMBULANCE SERVICES TO THE TOWN OF PRESTON AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $273,624

PROVIDE VOLUNTEER FIRE AND AMBULANCE SERVICE TO THE TOWN OF PRESTON AND SURROUNDING AREAS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $363,456

Program Service Revenue $0

Investment Income $37,675

Other Revenue $87,337

TOTAL REVENUE $488,468

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,528

Program Expenses $273,624

Other Expenses $286,125

TOTAL EXPENSES $286,125

Year-over-Year Comparison

	2024	2023	Change
Revenue	$488,468	$487,713	+0.0%
Expenses	$286,125	$297,004	0.0%
Net Income	$202,343	$190,709	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD WILLOUGHBY	5TH TRUSTEE	7.00	Director	$0	$0	$0
ANDY GAREY	PRESIDENT	7.00	Officer	$0	$0	$0
JAMES BROOKS	VICE PRESIDENT	7.00	Officer	$0	$0	$0
JENNIFER ANDREWS	SECRETARY	4.00	Officer	$0	$0	$0
MARIE WIELGOSZ	TREASURER	7.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$488,468	$286,125	$2,061,104	$202,343
2023	$487,713	$297,004	$1,849,744	$190,709
2022	$447,087	$384,706	$1,760,727	$62,381
2021	$484,064	$353,734	$1,814,349	$130,330
2020	$406,101	$346,622	$1,780,245	$59,479
2019	$405,936	$468,532	$1,781,282	$-62,596
2018	$342,547	$493,814	$1,899,823	$-151,267